New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-02-18
CLOSING PRICES OF PHILADELPHIA STOCKS

THURSDAY. Feb. 17-P. NJ.
Touching the question Of possible probable gold ex
ports this spring which Is much agitaed In speculative
stock circles the conditions Of the principal European
banks at the present time Of special interest by
todays Bank of England weekly report its ratio OF re-
TO liabilities Is 81 % per cent, against a. so per
year ago. On February 49, 1885, the governors
of the Bank Of England reduced its maximum rate for
discount from to per cent To-day they made no
change In the discount and remains at cent
Notwithstanding the favorable conditions OF the re-
The difference Of the bank rate of year ago and
today may be ascrbed to special caution induced by
the uncertainties Of the political situation. The Bank of
England holds of gold coin and bullion s2257270O
which Is a decrease from year ago Of only a1SOOOO
In December. 1856, Its gold reserve was
down TO sl9,000,000 Tho Bank OF France holds
s2.3O0O00 more gold than It held year ago and
s3 1000 silver The aggregate OF the
two institutions the dates named are shown In the fol
lowing table:
Bank Of England. gold. a22,7532s! 22s727Is
Bank OF France silver 4S03sis9 47lOo.el8
Total. sII34236i7 slIo.os4. 500
In the stock market to-day was Of " bears" sue
far the marking OF lower values Is concerned
1t the Richmond and West Point property which, as
Il did December furnished the incentive for bold
attack upon values OF the general list That stock was
specially heavy the gentlemen who manipu-
lang 1t mad during the last few days found sufficient
OF dupes to buy the stock from them when they
talking loudly about 80 as its figure In the near
future Having sold all the that the market would
bear the supporting orders withdrawn yesterday,
and free deliveries OF which had been sold were
made IA consequence the stock declined to 1919 and
closed a l3N against 4Gs last evening and AZ yester-
day morning. Tho Richmond and West Point stock has
been demoralzing influence upon tho whole
market ever since tho deal in 1t beginning
back In last October November began. 1t
and the wild speculation I'm Reading by the same opera
tors were the causes which created the possibility for tho
grand slump" OF December Is. slowly such operations
arc losing their influence upon tho general market but
the time has not yet when they to exert some
influence In general way ~. Paul the objective
point OF todays bear" attack and closed y lower
than at evening OF the prominent operators In
Delaware Iackawanna and Western substituted the
white for the red feather ard that stock closed down -
per cent while Reading lost only per cent Ii was dull
and ,ionahc market al through the list; as
has been for some time easily directed in either direction
nv boldness and dash the general market sympa-
thized. to n greater or less extent, with tao
decline the stocks particularly named.
Union Pacific and Ncw-York and New England
arc exceptional in closing as well or better than
last evening Taking It all in all the bear" element
controlled the days markct tho sequel which may be To
morrow or some other day when the stocks sold to-day
are repurchased viii fully develop tho character OF
the DAYS sales The transactions amounted to 2GOoOO
shares hut OF that sum Reading, Richmond and West
Point IT. Paul and Delaware. Lackawanna and western
contributed 1875 shares At the close the tone was
weak NJ about tho lowest figures OF the day. 49,,
Government bouds dull and nrfn with inc Dhls
for coupon up is cent Annexed arc tho closing
quotations.